Grain and soy complex futures were lower overnight in a correction from yesterday’s WASDE-induced move higher. There was little fresh news last night, but additional commercial hedges were placed after yesterday’s strong gains. The day session found significant short covering in soybeans that helped push both the soy complex and the broader CBOT higher. USDA left the U.S. soybean yield and planted acreage forecast unchanged yesterday, but the odds are good that the agency will reduce those figures in the July report. That fact helped spark the soy complex’s move higher, while additional support came from positive trade comments and expectations that the G20 Summit in Japan could ease strained international relations. U.S...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.